India Struggles To Fulfill its Air Transport Potential
AIN Air Transport Perspective » March 26, 2012 by Neelam Mathews Russia’s Irkut displayed a full-scale interior mockup of its single-aisle MC-21 at this month's India Aviation show in Hyderabad. (Photo: Neelam Mathews) March 26, 2012, 3:50 рдкрдо India could emerge as the third largest aviation market by 2029, from a ranking of 12th in 2010, according to a new report from the Airports Council International (ACI) at the recent India Aviation show in Hyderabad. But the country needs a regulatory framework to encourage investment, promote safety and facilitate the development of tourism, according to Rafael Echevarne, the ACI’s director for economics and program development. With budget carriers now selling more than 70 percent of airline seats in India, the country needs more investment in no-frills airports for smaller cities with a growing passenger base, added consultant KPMG during...